2107 Dervan St #1-8, Albany, GA, 31701

Picture the future of your real estate portfolio as you feast your eyes on this magnificent low-maintenance 8-plex in Georgia, a jewel among properties. With the existing charm of a bare-bones setup, this property translates to undiluted earnings and minimal caretaking.

Thriving in this ready-made financial ecosystem, you will find each unit operating in self-sufficient harmony, independently metered driving down operational costs. The vivid beauty of its utility extends to the lack of carpets, absence of dishwashers, and lack of clothes washers ensuring fewer worries about replacements or expensive repairs.

Each branched out unit comes with easily replaceable ac/window units and the robust cinderblock walls require no maintenance, quashing concerns about potential sheetrock damage. Three out of the four buildings proudly flaunt metal roofs that are built to last, silently promising reliability and durability for generations to follow.

The 8-plex offers a reliable revenue stream from its occupants, with the government stepping in to guarantee Section 8 housing rent payments. With current rent rolls summing up to $3500 per month and negligible overheads, the financial math is compelling. Indeed, the potential to yield $8k per month (i.e., $96k per year) with new Section 8 pricing is realistic and enticing.

As an added benefit, the 1-acre property, spread over a total of 6156 square feet, hosts units modestly large at a size of 725+ square feet. Each unit warmly provides 2 bedrooms and a bathtub. These rudimentary, yet comfortable environments become affordable sanctuaries for a secure and stable tenant base.

As you embark on the venture of owning this property, the opportunity to amplify your profits is evident. A few judicious upgrades could easily lift the annual returns hovering around the $96k mark. Additionally, the property being located in an Opportunity Zone, serves the twin benefits of deferment and ultimate elimination of capital gains tax, where funds are used for purchase and upgrade investments.

Prepare to embark on an exciting journey of wealth accumulation with minimal hassle. A gem in the world of real estate, this property can be the cornerstone of a new future for savvy investors. Enjoy the bliss of secure, passive income opportunities that this portfolio adds to your treasure trove.